1ST TIME CBA TO PUBLISH INDEXES OF ECONOMIC ACTIVITY, BUSINESS ENVIRONMENT, CONSUMER CONFIDENCE IN DECEMBER 2005

ARKA News Agency, Armenia
Oct 6 2005

YEREVAN, October 6. /ARKA/. The Central Bank of Armenia will publish
the indexes of economic activity, business environment and consumer
confidence in December 2005 for the first time, Chairman of the
Armenian Parliament Tigran Sargsyan said at the RA National Assembly.

He reported that these three indexes are supposed to reflect social
impulses. “They will allow to form stable expectations, and we believe
that within this conditions, the fluctuations of AMD exchange rate
will more smooth and the more stable financial environment will be
formed”, Sargsyan said.

Publication of the indexes is one of the initiatives of the CBA aimed
at development of Armenia’s financial system. The CBA conducted a
survey among 734 households and 361 organizations to compose indexes
of economic activity, business environment and consumer confidence.

The publication n of these indexes will be quarterly at first, and
it will be monthly in future. A.A. -0–